The domestic oil and gas boom is a game changer for energy-producing states and U.S. trade. States that lead in energy production have performed much better throughout the recovery than those that import the majority of their energy from other states. Over the period from 2011 to 2013, the U.S. trade imbalance fell $72 billion while the trade balance in energy increased $96 billion, resulting in an increase to GDP growth of roughly 0.3% annually.
A nerd skirmish has broken out over the budgetary impact of the Affordable Care Act (ACA). Normally, the Congressional Budget Office (CBO) is the gold-standard for budget estimates. In 2012, CBO estimated that the ACA would reduce the deficit over ten years. Underpinning that estimate are a host of other estimates related to the economy as a whole, specific sectors of the economy, the behavior of individuals and other actors; all projected over the next decade. Suffice to say, this projection is subject to uncertainty.
There once was a Fed that did QE II
But got no growth for me and you
It then doubled its bet
Until it tapered out, yet
They still don’t know what to do
Health care spending varies widely across the United States and in ways that are not entirely understood.
The Census Bureau reported yesterday that the fraction of Americans who own their homes was 64.4 percent in the third quarter, the lowest level since the first quarter of 1995.
The Office of Management and Budget (OMB) recently released a combo pack of (supposedly annual) reports on the government’s overall regulatory paperwork burden. A review of the reports reveals an 828 million hour paperwork mistake, 13 ACA-related requirements in violation of the Paperwork Reduction Act, and the Department of Health and Human Services (HHS) as the worst offender in the government.
The New York Times was out with its review of the ACA to date yesterday. I think a fair reading of the article suggests that we, the readers, are supposed to answer: “On balance, yes.” I’m not so sure.
A significant number of American physicians are declining participation in Affordable Care Act (ACA) exchange health plans.
Twenty five U.S. Senators have accused the administration of hiding the scope of the impact of a forthcoming Environmental Protection Agency (EPA) (and Army Corps of Engineers) rule that would define the so-called “waters of the United States” (WOTUS) that it would regulate under the Clean Water Act of 1972.
Regulatory activity was once again slow, with just $50 million in costs. There were more than a quarter-million new paperwork burden hours, however. An EPA proposal regulating mercury in dental offices and a final rule amending direct loan requirements led the week.